Las Vegas has been identified as the city with the highest increase in travel costs across the nation, according to a recent study published by Forbes. Between 2018 and 2023, the costs for hotels, rental cars, and food in Sin City have experienced significant spikes. Rental car costs saw the most substantial gain, increasing by 61.4%, while hotel costs rose by 47.5% and food costs surged by 14%.
The main culprit behind these rising travel costs is attributed to out-of-control inflation, affecting cities like Las Vegas and Tucson, Arizona, which ranked second on the list. On the other hand, cities like Indianapolis and Oakland, California, witnessed substantial drops in travel costs during the same period.
According to Forbes, the average travel costs per person per day in Las Vegas amount to $97.90. In 2018, the average cost of a hotel room in Vegas was $170.90, which has since escalated to $252 in 2023. Similarly, the average rental car cost increased from $47.77 in 2018 to over $77 today.
Despite these escalating costs, there is a silver lining for travelers to the Silver State, as airfare costs have actually decreased by 5.5%. This slight reduction in airfare expenses may provide some relief for travelers looking to visit Las Vegas amidst the rising costs of accommodation and transportation.
The data presented by Forbes sheds light on the significant impact of inflation on travel costs in popular tourist destinations like Las Vegas. As one of the top travel destinations in the United States, the city’s increasing costs may pose challenges for budget-conscious travelers. It is essential for travelers to be aware of these cost trends and factor them into their travel plans to avoid any unexpected financial burdens during their trip.
While Las Vegas remains a top destination for travelers seeking entertainment and excitement, the rising costs of travel serve as a reminder for visitors to budget wisely and explore alternative options to make the most of their trip. As travel costs continue to fluctuate, staying informed and proactive can help travelers navigate these changes and enjoy all that Las Vegas has to offer without breaking the bank.
